Financial advisors spend their time helping others prepare for retirement, but they are notorious about not planning for their own futures, according to a study of 2,400 financial professionals by the Financial Planning Association Research & Practice Institute.

The study found that half of financial advisors don’t have a written business plan and 46 percent don’t have a retirement plan for themselves, yet 40 percent are planning to retire within the next 14 years. Only one-quarter of advisors have a succession plan in place for their business.

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